SML Mahindra share price continued to fall for the third session straight on Thursday, 22 October. Formerly known as SML Isuzu, the Mahindra Group stock opened at ₹5,200 per share on BSE today, compared to the previous close of ₹5,514.75 on Wednesday.
SML Mahindra shares have remained weak in the near-term, however, has given positive returns in the broader time frame despite market volatility. The stock has fallen 24.56% in a month but has gained 33% in six months.
Looking at the broader level, the stock has delivered multibagger returns of 290% in three years and 583% in five years.
SML Mahindra Ltd, formerly known as SML Isuzu Ltd, reported a 42.9% year-on-year (YoY) decline in net profit to ₹12 crore in the September quarter, compared with ₹21 crore in the corresponding quarter last year. However, revenue from operations increased 20.7% YoY to ₹670 crore from ₹555 crore a year earlier.
Despite the revenue growth, the company’s operating performance weakened, with earnings before interest, tax, depreciation and amortisation (EBITDA) falling 31% YoY to ₹29 crore from ₹42 crore. The EBITDA margin also contracted to 4.3% from 7.6% in the year-ago quarter, marking a decline of 3.3 percentage points.